Mr. Peter Ball reports

SILVER HAMMER CLOSES CDN$3,913,617 NON-BROKERED PRIVATE PLACEMENT PURSUANT TO LISTED ISSUER EXEMPTION

Silver Hammer Mining Corp., further to its news release dated Feb. 2, 2026, has closed its previously announced non-brokered private placement pursuant to the listed issuer financing exemption (LIFE), issuing 39,136,170 units at a price of 10 cents per unit for gross proceeds of $3,913,617.

"The company is pleased to close our private placement quickly and receive significant interest from new and existing shareholders. We truly appreciate the support from the resource investment community," commented Peter A. Ball, president and chief executive officer. "The company is now positioned well financially to fully explore its multiple high-grade and drill-ready historical silver mines in Idaho and Nevada, where we control 100 per cent with no underlying royalties, cumbersome earn-in exploration agreements or future payments required. Our recent acquisition of the Fahey Group project has gained significant interest, noting its location in the heart of the silver district in Idaho, and we look to aggressively explore this strategic new project this spring. It will be a busy year for the company in this robust silver market."

Each unit consisted of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of 15 cents per common share for a period of 36 months from the closing date.

In connection with the offering, the company paid finders' fees consisting of $52,990 in cash and issued 1,474,900 finders' warrants to eligible finders. Each finder's warrant is exercisable to acquire one common share at an exercise price of 15 cents for a period of 36 months from the date of issuance and has a hold period of fourth months plus a day.

The company intends to use the proceeds from the offering for exploration of its Silver Strand and Fahey Group projects in Idaho, its Eliza and Silverton projects in Nevada, as well as for general working capital and corporate purposes.

About Silver Hammer Mining Corp.

Silver Hammer is a well-financed junior resource company focused on advancing past-producing high-grade silver projects in the United States. Silver Hammer controls 100 pepr cent of six previously producing silver mines, which are located within the Silver Strand project in the Coeur d'Alene mining district in Idaho, and within the Eliza silver project and the Silverton silver mine in Nevada. The company also controls the Fahey Group silver project in the Silver Valley, Idaho. Silver Hammer's primary focus is to explore, define and develop silver projects near past-producing mines that have not been adequately tested. The company's portfolio also provides exposure to copper and gold.

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